In a small bowl, combine the sugar and cinnamon and whisk together until evenly combined.

In a large skillet, heat canola oil over medium heat. Make sure the oil is fully heated. Add the bananas and cook until starting to caramelize, about 1 minute. Sprinkle about half of the cinnamon-sugar over the banana rounds. Flip the rounds, sprinkle with the remaining cinnamon-sugar, and cook about 1 minutes more. Microwave the chocolate chips and stir.